BaFin approves ABN Amro SVP funded by structured debt
BaFin, the German financial markets regulator, has cleared a new product allowing financial institutions to sell assets into German special-purpose vehicles (SVP) funded by asset-backed securities without needing a banking licence.
“The German securitisation market is poised to enter a new phase in its development as a result of this decision,” said Mike Newas, global head of asset securitisation in ABN Amro’s financial markets business.
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